Dena Bank reduces MCLR

2 Apr 2017

Dena Bank, India’s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 5 basis points  for overnight, one month and 3 month tenors from 1st April, 2017.
As per the structure of the MCLR rates Dena bank fixed its overnight period MCLR at 8.40 while setting up the one month period MCLR at 8.45.For three months period MCLR has been fixed at 8.50 and for six months period the rate has been fixed at 8.55 and for one year period the rate has been fixed at 8.60. (EOIC)